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Pound skyrockets after hawkish BOE

al_dcdemo Updated 15 Sep.  in #Trader's blog #GBP/USD #Strong Uptrend #Boe Meeting #D1 Chart #Brexit Vote #Hawkish Hold
A hawkish hold by the BOE yesterday took many by surprise. Interest rates and voting pattern were left unchanged, as expected, but the minutes revealed that the majority of MPC saw as likely some withdrawal of monetary stimulus over the coming months, provided that economy continues on its current path.
Having been already in a firm uptrend, GBP/USD took the decision in a stride. It gained almost two cents on the day and so far added a good cent this morning. The pair is currently trading at the…
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First aslight bullish move and then consolidation

marius24 Posted 31 July as Analysis on GBP/CAD, Target: 2.0335, Date: 1st of September, 12:00 GMT  in #Technical analysis #GBP/CAD #Double Top #Oil Prices #Strong Uptrend
Currency Pair:Gbp/Cad
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 2.0335
Trend: strong uptrend
Possible trading range:1.96-2.07
Signals: A very strong resistance is coming at 2.0650 and represents the neckline of an old and massive double top having its origins many years ago.
Forecast: The prices of oil are in a stage of stabilization and having this in mind i remain in favour of no more significant depreciations in loonie in the month ahead. The pound is under u…
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marius24 26 Aug.

update: current price - 2.08. Only a massive fall in the pound will bring the price much closer to my target.

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marius24 28 Aug.

update: that massive fall in the pound has occured in the last two days. Therefore the price lost 600 pips in only two days from 2.09 to 2.03 where is havering right now. The outlook remains tilted towards a consolidation move

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marius24 1 Sep.

update: 3 hours ago the price were around my target ( 2.03) but now the rate is hovering at around 2.02 due to a sustained sell off in the last hours. Anyway we have almost 2 hours till the end of this month.

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marius24 1 Sep.

update: Gbp/Cad has managed to regain some lost ground and stopped at 12 GMT at around 2.02511 with 83.9 pips lower than my target situated at 2.0335

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marius24 1 Sep.

update: in relative terms 83.9 means a deviation of 41.43 % from my target. It;s a good result taking into account the huge volatility occurred this month

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